Letshego Namibia has paid its maiden dividend of 19,20 cents per share following its September 2017 listing on the Namibian Stock Exchange.
Financial services group, Letshego Holdings Namibia (LHN), expects investors to show more interest in the company’s shares after it recorded a 17 percent increase in after tax profit to N$385 million in the financial year ended 31 December 2017.
Namibia Stock Exchange (NSX) listed company Letshego Holdings Namibia, expects its profit after tax for the year ended 31 December 2017 to be 10 to 15 percent higher than 2016 and 8 to 12 percent higher than set out in its Initial Price Offering.
Simonis Storm Securities (Simonis) said it is surprised that Letshego Holdings was unable to raise at least 50 percent of its Initial Public Offering (IPO) value.
Letshego Namibia’s Initial Public Offering (IPO) will close this Friday, 22 September, with thousands of people already expressing interest in buying the shares.